Prevent Family Fire Act of 2025
Prevent Family Fire Act of 2025
Plain Language Summary
# Prevent Family Fire Act of 2025 Summary **What it does:** This bill would create a tax credit that gives businesses a 10% discount on their federal taxes when they sell firearm storage devices—like gun safes or secure storage boxes. The credit applies to the first sale of these devices and caps out at $400 per device, meaning the maximum tax break per sale would be $40. The credit would be available until the end of 2032. **Who it affects:** Gun retailers and manufacturers would benefit from this tax incentive, potentially allowing them to pass savings to consumers purchasing gun safes or similar storage products.
The bill indirectly affects gun owners by potentially making secure storage devices more affordable. The stated goal appears to be encouraging safer firearm storage, particularly to prevent unauthorized or accidental access. **Current status:** The bill is currently in committee and has not yet been voted on by the full House. As with all bills in committee, it would need to be approved by the relevant committee and then pass both chambers of Congress before becoming law.
CRS Official Summary
Prevent Family Fire Act of 2025 This bill establishes a new business tax credit on the sale of a safe firearm storage device on or before December 31, 2032. The amount of the tax credit is 10% of the retail sales price (up to a maximum price of $400 and excluding separately stated sales tax) of a safe firearm storage device. The tax credit is allowed only on the first retail sale of a safe firearm storage device for a use other than resale or long-term lease.The bill defines safe firearm storage device as a device that is (1) designed and marketed to deny unauthorized access to a firearm or ammunition or render such items inoperable; and (2) is secured by a combination lock, key lock, or lock based on biometric information.
Latest Action
Referred to the House Committee on Ways and Means.